[Chart courtesy of MarketWatch.com] Stocks rallied on Wednesday, bouncing back from a dismal past three months, after the Federal Reserve kept interest rates unchanged for a second consecutive time. This led traders and algorithms to believe that the central bank would stay put for the rest of the year. The Treasury detailed plans of the size of its future bond …
Is History Repeating Itself? Stocks Suffer Third Monthly Loss As Bond Yields Spike
[Chart courtesy of MarketWatch.com] The S&P 500 managed to end the day in the green, but it was not enough to save the month from being a disaster. Treasury yields soared to levels not seen since 2007, making bonds look more attractive than stocks. Caterpillar, the maker of heavy machinery, beat earnings expectations for the third quarter, but warned that …
S&P 500 Tries To Escape Correction Zone, But Big Week Looms Ahead
[Chart courtesy of MarketWatch.com] Stocks bounced back on Monday after a brutal beating in the past few weeks. The S&P 500 tried to escape the correction zone, as traders braced for a busy week of Fed, jobs, and Apple news. It was about time for some relief from the oversold madness. The rally was widespread, with all 11 sectors of …
ETF Tracker Newsletter For October 27, 2023
ETF Tracker StatSheet You can view the latest version here. THE GOOD, THE BAD, AND THE UGLY: AMAZON OUTPERFORMS, BUT MARKET UNDERWHELMS [Chart courtesy of MarketWatch.com] The Nasdaq tried to bounce back on Friday after a brutal week, but the S&P 500 was not in the mood and slipped into correction mode. Amazon was the star of the show, …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/26/2023
ETF Data updated through Thursday, October 26, 2023 How to use this StatSheet: These are the main indicators that tell you when to buy or sell Domestic and International ETFs (section 1 and 2). They do that by comparing their position to their long-term M/A (Moving Average). If they cross above, and stay there, it’s a green light to buy. …
Bond Yields Bite Big Tech: Nasdaq And S&P 500 Join Correction Club
[Chart courtesy of MarketWatch.com] It was another brutal day for stocks, as the Nasdaq Composite plunged deeper into the red zone, thanks to Meta’s disappointing earnings. The tech giant formerly known as Facebook failed to wow investors with its metaverse vision, and its stock dropped more than 10%. The Nasdaq Composite is now down more than 10% from its July …